Karthik Gurumurthy’s venture raises $3M in Matrix Partners-led round
The venture founded by the former architect of Swiggy Instamart has raised $3 million, with Matrix Partners India leading the round. The funding marks Gurumurthy’s next move in retail and commerce after Swiggy.
Karthik Gurumurthy’s venture raised $3 million in a funding round led by Matrix Partners India. Gurumurthy previously architected Swiggy Instamart.
Why this matters
No related recent signals were supplied. The $3 million round marks Karthik Gurumurthy’s next move in retail and commerce after his work on Swiggy Instamart.
Retail-company activity is accelerating, up 931,200% QoQ.